Originally posted by SimonMac
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Reply to: Would you take a 50% pay cut?
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Previously on "Would you take a 50% pay cut?"
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Originally posted by SimonMac View PostIs that because McDonalds has a good union?
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In response to the OP, it depends what the alternatives were.
Bench? I'd take the 50% cut.
Contracts available at decent rate? I'd move.
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I was offered a 50% pay cut with the incentive of 200% pay back if the company was eventually bought out.
I asked if I could do 50% of the hours instead -and work from home. Since they were near the end and needed me more than I needed them, they took my offer.
So I got another job at the same time. Since I could work twice as efficiently at home with no interruptions, I ended up working 125% of a full time job and taking 150% pay.
The company went under in the end.Last edited by aussielong; 7 December 2011, 04:39.
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Originally posted by SueEllen View PostHowever if you had a skill in a dying industry and lived in the a**end of no where then taking a 50% cut with a hope that the business can turn round is preferable to claiming the dole.
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Originally posted by Mich the Tester View PostGetting rid of NI contributions would just screw up the social security system.
Employer NI is total nonsense since by definition that employer is providing job in the first place, wtf is it paying insurance for?!?!
There are so few manufacturing jobs left that removal of NIC on those is a no brainer - the trouble is dealing with those "creative" types who'd claim NI relief because they are somehow related to manufacturing.
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Originally posted by DimPrawn View PostAnd Santa Claus should exist, but he doesn't. Nice logic.
Scrapping NI would hurt Social Security, if it were use to pay for it, which it isn't.
The reason you've never met him is because you haven't been a good boy or girl.
Where does that leave your so-called logic?
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Most contractors:
1. Have skills that can be used in more than one industry, and
2. Are mobile.
Hence there is no need to take a 50% cut.
However if you had a skill in a dying industry and lived in the a**end of no where then taking a 50% cut with a hope that the business can turn round is preferable to claiming the dole.
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I would be very suspicious if a Client asked me to take a 50% pay cut to keep the business viable for the short term compared to an across the board 10% cut to save costs
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